This Summer’s Luxury Home Market Is Hot

The challenge of finding an affordable entry-level home in today’s housing market gets a lot of coverage. First-time buyers facing higher rent, difficulty saving for a down payment, and low inventory are an important demographic, and their habits have implications for the overall health of the market. But, at the same time as the starter-home […]

The Rising Cost Of Renting A Single-Family Home

When debating whether to rent or buy your next place, the argument in favor of renting usually includes the fact that it’ll be cheaper – especially since you don’t have to pay for closing costs or save for a down payment. However, renting a place isn’t all that cheap these days and, depending on what […]

Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years

In today’s housing market, where supply is meager and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is difficult for appraisers […]

April 2018 Pending Home Sales Slow Slightly

To better understand the April 2018 pending home sales report, it is important to understand that between the time an offer is accepted and the deal is closed, a home’s sale is typically referred to as pending. That’s because, there’s a chance, during this period, that the sale won’t go through, as there are some […]

Why Have US Interest Rates Jumped to a 7-Year High?

US interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. Many factors fuel the current pace of acceleration. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer spending and higher commodity prices spooked bond […]

Why The Market For New Homes Matters To You

If you aren’t in the market for a new home, why should you care about the new homes market? Well, for starters, it plays a significant role in the health of the housing market. And that affects all buyers, not just new home buyers. How? Simply put, construction is the quickest way to add new […]